Fake Tweet Causes Flash Crash, and More

4/23/2013 2:56PM

What’s News: Financial markets quickly recover after a false AP tweet of explosions in the White House sent stocks plunging. Facebook is building new data center in Iowa. New home sales jump 1.5% in March. Joanne Po reports. Photo: Getty Images

This transcript has been automatically generated and may not be 100% accurate.

... the fake rates and the markets into a tailspin this is what's news I'm WS J lifetime Thailand Co ... financial markets quickly bouncing back after a tweet from an Associated Press Twitter account ... briefly sent stocks plunging ... the team won only piano one ten p m Eastern time the Dow industrials dropped one hundred forty five points ... following the Friday this week to claim that there were two explosions in the White House ... and the present Obama was injured ... the dollar also fell while bonds and gold prices soared the AP says its account has been hacked ... today's episode highlighting the growing use of social media by players in the financial markets ... and the potential dangers of security breaches as investors quickly trade on news ... and Facebook says it will build a fort data center in Altoona Iowa ... in choosing the location Facebook is touting the region's call abundance of wind generated power ... as the company promises to build one of the most advanced ... and energy efficient facilities of its time ... the other piece of data centers are an organic North Carolina and Sweden ... and on the economic front new home sales topping one and a half percent in March to an annual pace of four hundred and seventeen thousand ... the highest monthly sales pace in three years according to the Commerce Department ... your vry year for sales are up eighteen point five percent ... bookie keep us anomaly business about Mr upbeat and what's his I'm WS J last ...